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The (Mis)Behaviour of Markets : A Fractal View of Risk, Ruin and Reward, Paperback / softback Book

The (Mis)Behaviour of Markets : A Fractal View of Risk, Ruin and Reward Paperback / softback

Paperback / softback


This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now.

Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties.

With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work.

He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful.

In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.


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